This report analyzes the financial situation of the Marks & Spencer, one of the leading retailers in the UK for clothing, food, household goods and financial services, serving 10 million customers per week more than 300 stores in the UK. The Company is also worldwide in 30 countries and has a group turnover of over £ eight billionth
First, the financial analysis of existing financial arrangements of Marks & Spencer are analyzed. In addition, we are the method in which the firm financial decisions. The analysis includes the evaluation of the common statements such as balance sheets, profit and loss statements and cash flow statements.
Traditionally, companies operating in a cycle of twelve months, which may correspond to the calendar year from January to December or perhaps the same year, 06 April each year by 5 April the following year. On the other hand, some companies operate from the date of the first companies started to trade, for example, 1 July each year to 30 June next year.
During the period of twelve months, the company receives many documents of a financial nature that are entered on the books on a manual or computerized system needs. At the end of each month, the books tend to be balanced and take stock of the preparations from which the final accounts (see below) can be prepared. And at the end of each month, claims are handled in general, wages and salaries are paid and money during the month of paying the organization received logs.
Most organizations use computer system accounts at the end of any month, a lot of useful information as outstanding debtors and creditors and the length of time to extract the debt was due, in addition to financial information useful to the Government in its assessment of the company and the to support planning and decision making.
Marks & Spencer in a global economy is not only a difficult task, operation, it also means a mountain of financial information that is collected, consolidated, and understands that the intelligence unit, planning and decision making.
Accounting contributes to a variety of business decisions. In general, accounting relates to business decisions and needs the financial information to make such decisions. In particular, this accounting determine what information to help decision-makers differently, as it should be measured and communicated to them. These are the counters in the ...